THE EUROPEAN Commission has cleared the planned acquisition by Interseroh AG of Hansa Recycling GmbH, using its merger approval powers under the European Coal and Steel Community. Both companies trade in ferrous scrap and are based in Germany, where their services overlap in some regions. In a statement, Brussels said that there were no competition concerns as the combined group would command just five per cent of the EU iron and steel scrap market and would have several significant competitors, including the large European steel groups, ...

Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.